2429 Nicollet Avenue S, Minneapolis, MN 55404

$3,400,000
Property Type: Commercial Lot Size (sq. ft.): 33,106 Status: Active
Current Price: $3,400,000 List Date: 10/27/2025 Last Modified: 5/27/2026

Overview

Description

This building and site represent a rare opportunity for an owner/user or investor to secure a fantastic fully renovated office/flex building on a stretch of Nicollet ave poised for tremendous growth as Nicollet Ave is full opened to the South. The 3/4 acre site features (2) parking lots on either side of the building for 55 cars. (The south parking lot offers intriguing development possibilities..) The 2016 renovation included all new electric, plumbing, heating/cooling, new roof, high end exterior and interior finishes, new elevator, and more. The property is fully leased, please do not disturb tenants and do not visit the building without notifying List Agent.

Listing Details MLS# 6808070

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
55
Owner Occupied
Yes
Year Built
1957
Yearly/Seasonal
Yearly
Zoning
Business/Commercial
Foundation Size
6325
Garage Stalls
2
For Sale or Lease
For Sale
Acres
0.76
Lot Dimensions
267 x 125
Assessment Pending
No

Property Features

Accessible: Accessible Elevator Installed; Doors 36"+ Air Conditioning: Central Air Appliances: Dishwasher; Dryer; Microwave; Refrigerator; Washer Assumable Loan: Not Assumable Basement: Full CMU Style: Office Construction Materials: Block; Brick; Concrete Construction Status: Previously Owned Current Use: Office Exterior: Aluminum Siding; Brick/Stone; Cement Board; Steel Siding; Wood Foundation: Concrete Block Fuel: Electric; Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional On Site Utilities: Electric Common; Heating Common; Hot Water Common Parking Characteristics: Parking Lot Potential Use: Other; Professional Roof: Age Over 8 Years; Rubber Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
3400000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2429
Street Name
Nicollet
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55404
Complex/Dev/Subdivision
Cochrans Add

Assessments

Tax With Assessments
95812
Assessment Balance
0
Assessment Installment
0

Building Information

Building Finished SqFt
19683
Building SqFt
19683

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
34
Township#
29

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Yes

Unit Details

Total Units
Yes

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
BLOCK 002 COCHRANS ADDN TO MPLS LOTS 9-12 INCLUSIVE, BLOCK 2, COCHRAN'S ADDITION TO MINNEAPOLIS; ALSO LOT 8 AND THE SOUTH HALF OF LOT 9, BLOCK 2, BELLEVIEW ADDITION TO
Listing City
Minneapolis
Map Page
106
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Property ID Number
3402924130315
Tax Year
2025
Tax Amount
90719
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
This building and site represent a rare opportunity for an owner/user or investor to secure a fantastic fully renovated office/flex building on a stretch of Nicollet ave poised for tremendous growth as Nicollet Ave is full opened to the South. The 3/4 acre site features (2) parking lots on either side of the building for 55 cars. (The south parking lot offers intriguing development possibilities..) The 2016 renovation included all new electric, plumbing, heating/cooling, new roof, high end exterior and interior finishes, new elevator, and more. The property is fully leased, please do not disturb tenants and do not visit the building without notifying List Agent.
Directions
Nicollet South to building on left past 24th

Accessible

Accessible Elevator Installed
Yes
Doors 36"+
Yes

Air Conditioning

Central Air
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Assumable Loan

Not Assumable
Yes

Basement

Full
Yes

Construction Materials

Block
Yes
Brick
Yes
Concrete
Yes

Construction Status

Previously Owned
Yes

Exterior

Aluminum Siding
Yes
Brick/Stone
Yes
Cement Board
Yes
Steel Siding
Yes
Wood
Yes

Foundation

Concrete Block
Yes

Fuel

Electric
Yes
Natural Gas
Yes

Heating

Forced Air
Yes

Parking Characteristics

Parking Lot
Yes

Roof

Age Over 8 Years
Yes
Rubber
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Income and Expenses

Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Gross Income
0
Annual Insurance Expense
0
Annual Maintenance Expense
0
Annual Net Income
0
Annual Repair Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0
Total Annual Expenses
0

No. of Refrigerators

Two
Yes

On Site Utilities

Electric Common
Yes
Heating Common
Yes
Hot Water Common
Yes

CMU Style

Office
Yes

Current Use

Office
Yes

Loan Terms

Cash
Yes
Conventional
Yes

Potential Use

Other
Yes
Professional
Yes

Documents

IDX
Listing Office: Leverage Realty
Last Updated: May - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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